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"Bulgaria has been deindustrialized by interest groups who extracted state assets like oil states extract the oil in their ground."

— Ivan Krastev
ivan krastev Quotes Interest Groups,Assets,Bulgaria

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The assets you want to buy are the ones people have to sell.

— William E. Conway, Jr.

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Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke. So the savings and loans went broke, the government stepped in, paid off depositors, and now they're left with this mass of assets to sell. We're not talking about selling here, we're talking about buying intelligently. They were selling what they got handed to them by a bunch of savings and loan operators that had in many cases had done some very dumb thing. But their job was to liquidate it. And they liquidated.

— Howard Warren Buffett

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